THELOGICALINDIAN - Injective Protocols fast and chargeless decentralized trading account aims to attempt with Robinhood
Decentralized derivatives trading belvedere Injective Protocol has raised $10 actor in its latest annular of funding.
Injective Raises $10 Million
Injective Protocol has aloft $10 actor from some of crypto’s best acclaimed adventure basic firms, bringing its all-embracing appraisal aloft $1 billion. This annular included contributions from Pantera Capital, BlockTower, Hashed, Cadenza Ventures, CMS, and QCP Capital.
Shark Tank host and Dallas Mavericks buyer Mark Cuban, acclaimed for actuality a DeFi bull, additionally invested in the project.
By adopting this money while giving up little equity, Injective was able to anticipate concoction in buying of the agreement and ensure that INJ holders will ascendancy the platform’s future.
An Alternative to Robinhood
Injective Protocol is a decentralized trading belvedere on band 2 of Ethereum. It boasts low fees, burning transactions, and admission to stocks, crypto, forex, constructed assets, and NFTs.
The activity promotes itself as a decentralized and cellophane another to Robinhood. Some investors are now ditrustful against Robinhood due to the GameStop shorting incident in which Robinhood faced basic shortages and began to block trades.
Because Injective cannot block trades in the aforementioned way, it could see annoyed Robinhood users move to its platform. Nevertheless, Robinhood charcoal a far added boilerplate app.
Disclaimer: The columnist captivated ETH, BTC, and a cardinal of added cryptocurrencies at the time of writing.
